“Now is the time for the property industry to take stock” – Andy Sommerville, Director of Search Acumen, comments on today’s ONS construction figures

Andy Sommerville, Director of Search Acumen, comments:

“We recently heard that housebuilding has hit a ten-year low in London, but anxiety has spread beyond the capital as investors and developers are being forced to wait out the Brexit-fuelled uncertainty that’s swept the property development market.

“The situation is unlikely to change any time soon, or at least, it’s not going to change at any point before the case for Brexit is decided. However, we remain hopeful that pent up demand will translate into more property development.

“While we wait for certainty on our collective futures, now is the time for the property industry to take stock. It is the perfect opportunity to reassess priorities and plan for future investment, allowing the most forward-thinking firms come back firing on all cylinders.”